What Will Rising Interest Rates Mean to the Housing Market?

The Federal Reserve is expected to raise interest rates this fall. According to one housing economist, rising interest rates “will have a moderating, but not devastating impact on market capacity for existing-home sales” since rising rates are an indication of stronger labor market conditions that are beneficial to the housing market. While the ultimate timing of when the Fed will choose to raise rates remains unknown, it is widely anticipated that rates could rise before year-end.

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